Is someone telling you that your not-for-profit organization needs an audit? Many have misconceptions about audits and what they achieve. Before you dive in, let’s take a step back and look at the bigger picture. While audits play a crucial role in the...
When it comes to cybersecurity, local governments face an unprecedented challenge. Governmental entities of all sizes have become prime targets for cybercriminals, with recent attacks throughout Ohio highlighting how vulnerable our local governments can be. Beyond the...
Mission-driven organizations thrive when passion meets process. Your not-for-profit’s impact grows exponentially when backed by strong operational systems. While your team focuses on changing lives and strengthening communities, a well-crafted procedure manual...
As your dental practice grows, you’ll likely consider bringing on additional professionals – perhaps an associate dentist, specialist, or hygienist. But before you extend that offer, there’s a crucial decision that could significantly impact your...
When you’re running a manufacturing operation, every minute spent wrestling with financial reports is a minute away from growing your business. Yet many of our manufacturing clients tell us they’re struggling with financial reporting systems that feel more...
Every not-for-profit has a story worth protecting. While daily operations and program delivery often take center stage, implementing strategic risk assessment practices can transform your organization’s ability to serve and grow. Understanding and managing...
As business advisors serving Ohio’s dental community, we’re seeing a significant shift in how dental practices will operate and grow, thanks to recent legislative changes. Senate Bill 40, signed into law by Governor Mike DeWine, introduces two...
When you are running a business, you need your technology to work not just sometimes but all the time. The only option you used to have was to fix what was broken. It’s called “Break-Fix” and it isn’t always the best route, especially when it comes to technology. The...
Recent hurricanes impacting Florida and several other states have created significant challenges for residents and businesses. Rea is committed to helping you understand and maximize the information available for tax relief and assistance programs. Here’s a...
As an employer, you recognize that choosing a retirement plan for your employees is a pivotal step in securing their financial well-being. One of the key decisions they’ll face on this journey is choosing between a Roth and a traditional pretax 401(k). We...
If you’re running a business in manufacturing, you’re no stranger to the challenges of managing finances. But here’s a question: Are you giving your cash flow the attention it deserves? If not, you might miss one of the most powerful tools in your...
Did we lose you at “financial statement”? What may seem like a dull document could be the secret weapon to skyrocket your practice’s success. Let’s take a step back. Let’s think about this from a different perspective. Think of the dashboard of your car. Your car’s...
Clear communication is essential in any professional partnership. Whether you’re working with our firm or considering hiring another CPA, understanding these key points can help you get the most out of this important relationship. 1. Once I hire a CPA firm, they...
As a not-for-profit leader, you’re passionate about your mission. You’re changing lives, improving communities, and making the world a better place. But here’s a curveball you might not have seen coming – when it comes to taxes, your...
As we observe Cybersecurity Awareness Month this October, it’s crucial to shine a light on the importance of digital security in all areas, including business. This year’s theme, “Secure Our World,” reminds us that simple steps can...
In our increasingly digital world, Artificial Intelligence (AI) has become a buzzword that’s impossible to ignore. But what exactly is AI, and why does it matter to your business? Understanding AI: A Brief Overview Artificial Intelligence refers to computer systems...
We’ve recently become aware of two recent tax fraud schemes targeting businesses across the country. As your trusted advisors, we want to ensure you have the information needed to protect your business and personal data. Form 5102 Scam: Fake Beneficial...
Congratulations! You’re considering taking the leap into practice ownership. It’s an exciting time, filled with possibilities – and, let’s face it, a fair share of uncertainties. As you embark on this journey, you might wonder, “Why do I need a...
Fundraising is the lifeline of not-for-profit organizations, from small community groups to large foundations. While securing initial donations is crucial, the real challenge often lies in donor retention—transforming one-time gifts into regular contributions and...
A new threat has emerged in cybersecurity that’s keeping IT professionals up at night: Artificial Intelligence (AI)-powered phishing attacks. AI, which refers to computer systems able to perform tasks that normally require human intelligence, is now being...
As we conclude our budgeting series, it’s time to bring together all the insights and strategies we’ve discussed to help you achieve financial mastery. Living within a budget is not just about limiting spending; it’s about empowering yourself and business to make...
You are probably getting lots of advice on how to run your business. But what if thinking ahead for year-end tax planning makes the difference in how successful your year can be? This could be the key to putting more money back into your business and setting yourself...
Businesses of all sizes face an increasing array of cyber risks. As your trusted advisors, we want to shed light on three prevalent threats that could impact your business: ACH fraud, payment redirects, and business email compromise (BEC) schemes. Understanding these...
Accountability stands as a cornerstone principle, essential for maintaining trust with donors, stakeholders, and the broader community in any not-for-profit. At the heart of ensuring this accountability lies audits and reviews, critical processes that provide...
